PETRONAS Awards Technip for a Flexible Pipe Framework Agreement

Regulatory News :

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has secured a 5-year framework agreement with PETRONAS Carigali Sdn Bhd (PCSB) for Engineering, Procurement, Construction & Installation (EPCI) or supply-only of flexible pipes for PCSB’s projects in Malaysia. This framework agreement further strengthens our long-standing relationship with our key client PETRONAS.

Asiaflex Products Sdn Bhd, Technip’s flexible pipe manufacturing plant located in Johor, Malaysia, will execute the framework agreement and manage the experienced project teams in Kuala Lumpur as well as the regionally-dedicated construction vessel, Deep Orient, which will in all, provide PETRONAS with a unique one stop solution for cost-effective field developments.

Kwee Keong Lim, President of Technip in Asia Pacific, commented: "Local content is of strategic importance to Technip. This framework agreement allows the long term development of talents while helping in cost-effective solution for our client through the deployment of flexible pipe technology in both green and brownfield developments. This initiative is clearly in line with the guiding principles by which we do business and we look forward to support PETRONAS through the term of this agreement."

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